Mortgage Street Smarts

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Mortgage and Lending - AmeriFirst Financial Inc, San Diego, CA - NMLS 259027
From a young age, we learn the difference between BOOK SMARTS (knowledge learned in the school classrooms) and STREET SMARTS (what we learn in the "Real World"...often the hard way). There are no shortage of websites providing the BOOK SMARTS of the Mortgage Industry, but there are very few resources a Consumer has to learn about the STREET SMARTS of the Mortgage Industry. Please feel free to SUBSCRIBE (for free) to this ongoing source of truthful knowledge (without the worry of a "sales spin" buried somewhere in the message). After all, we tend to make better decisions when armed with the facts...the purpose of this blog is to provide FACTS by teaching you the MORTGAGE STREET SMARTS necessary to run your business (if you are a Real Estate Professional) or to make the best decisions for your family (if you are a Consumer). Enjoy!

ARCHIVED BLOG POSTS

2012 

Can you believe today is the last day of November? After a flat morning on Thursday, we saw dips and gains throughout the afternoon.  The net result was a postive gain of 6 basis points. Thus far this morning, we find ourselves again in positive territory with a modest gain of 6 basis points. Thi...
11/30/2012
Tuesday's gains of 21 basis points were essentially recouped on Wednesday as the market worsened by 18 basis points. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends a...
11/28/2012
After a strong rally on Tuesday (21 basis point improvement), we seem to me amidst a correction today (12 point worsening). If you are currently floating your interest rate, you are recommended to watch the market closely today. This daily mortgage interest rate report is designed to provide Borr...
11/28/2012
Yesterday's trading kept rates in positive territory throughout the day, ending with a 12 basis point improvement. Although today has opened flat, there is a strong chance of losing yesterday's gains as the news of the bailout for Greece appears to be poised to solve some of their immediate issue...
11/26/2012
Happy belated Thanksgiving! With the fate of Greece continuing to hang in the balance, we begin the final week of November in positive territory with potential for additional gains throughout the week. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesi...
11/26/2012
Once again we are reminded not to take these low mortgage rates for granted. Recent reports such as jobless claims have reversed the market trends from last week causing a 27 basis point worsening yesterday, and a slight worsening again thus far today. This daily mortgage interest rate report is ...
11/21/2012
We are amidst the 4th day in a row showing market gains.  Friday concluded with a 15 basis point gain. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what trends are propelling ...
11/19/2012
Strong day yesterday yielding gains of 15 basis points. With no major economic reports or data anticipated today, we should see a relatively flat trading day. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rat...
11/15/2012
Yesterday was a rocky day as rates bounced all over the charts. The end result was an improvement of 12 basis points.  In early trading today, we have improved an additional 6 basis points. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with f...
11/15/2012
The market was dormant yesterday in honor of Veteran's Day. In today's early trading, we find ourselves down 15 basis points. This daily mortgage interest rate report is designed to provide Borrowers & Real Estate Profesionals with factual data regarding where rates are at any given time and what...
11/13/2012
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Jason E. Gordon

Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE
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